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Apr 22, 2013
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and another bite out of apple. key questions about the future of this company that many thought was invincible. and another, a sudden big move for the stock of google before self-correcting. that was the company involved here. what happened and how you can get hurt. first to sue. >> hi. welcome back. we missed you. great to have you back here. we start power lunch with a manpower problem at the nation's airports. politicians are not rising above and neither are many of the air travelers out there. we begin with hampton pierceon. >> here at reagan national, the number of flights being delayed has been increasing throughout the day. a snapshot looking at the schedule board shows 30 minutes to one hour delays. delays due to furloughs of controller controllers business and leez travelers we talk to today think the government ought to have come up with a better solution. r. >> i think they should have more air traffic controllers because it helps with our safety. >> i have tsa approved. i travel constantly. >> the major
and another bite out of apple. key questions about the future of this company that many thought was invincible. and another, a sudden big move for the stock of google before self-correcting. that was the company involved here. what happened and how you can get hurt. first to sue. >> hi. welcome back. we missed you. great to have you back here. we start power lunch with a manpower problem at the nation's airports. politicians are not rising above and neither are many of the air travelers...
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Apr 17, 2013
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. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i think you need to really see the bar reset on earnings estimates. you have got believe they can continue to innovate some of the newer competitors there. >> do you believe they can? >> well, you know, the proof's going to be in the pudding. clearly they have the opportunity to do that. it will be abundant on the software application side. >> you heard they are breaking news that they are coming out with i pudding? clearly they're not. although if they did maybe it would work. as a user of i cloud i can say that i have had a lot of problems with it. apple seems to have had a string of issues. little bits here and
. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i...
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Apr 18, 2013
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apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago, at $27. we understand it could have sold more. but they really do want this thing to pop. blackstone has an interest, of course, in selling additional shares at a high price and the follow on offering and they do have to liquidate their shares over time. >> the bottom line is that you don't recommend it. why do you think there's such a strong investor appetite for this one given the uncertainty in the economy? is it a dearth of similar offerings like this? >> yes, what we're hearing essentially, in this case, it's actually a retail
apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago,...
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Apr 18, 2013
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apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax downing 0.6%. that's about a quarter of the move that we saw yesterday. indeed, eegan jones did come out and downgrade moody's in its annual statement reiterating the outlook for that country. the ftse 100, ftse mib are adding better than 0.8% for italy which is going through the process of selecting its next president. there is hope that at least this will help keep the country on track. moving to the bond's space span was just out with an auction. we saw healthy demand, low themes continue for the economy generally speaking in that it hasn't h
apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax...
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Apr 22, 2013
04/13
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a top analyst gives us his buy case for apple. and later on the dreaded triple top and why one trader believes it is here for the s&p 500. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. >> >> we will be watching shares of apple when the company reports second quarter earnings. concerns have had investors running for the exi
a top analyst gives us his buy case for apple. and later on the dreaded triple top and why one trader believes it is here for the s&p 500. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. at tyco integrated security,...
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Apr 18, 2013
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sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore business, that ever since they did that -- well, this stock has been -- it feels very terminal but it's not terminal, and i know there's a lot of iron ore that can come out. but i've got to tell you, $17. i don't know if i would sell it. it's kind of low. i mean, it's really low. anyway, it's all about the haves and the have nots. when it comes to stock, for now it's sherwin williams paint. that's the fracking fluid cocktail. and you know what i say? time for some boat drinks! "mad money" will be right back. >> announcer: coming up -- core holding?
sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore...
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Apr 18, 2013
04/13
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and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in the first quarter. a much sharper decline than goldman sachs or jp morgan simon? >> let's have a look at shares, the revenue overall. >> united health care is in negative territory. medical costs, upsetting enrollment fuelled revenue gains. they expect budget cuts to pressure performance. >> tiler is on vacation. let's take a look at the gun stocks. they have been moving higher. all failed to get the 60 votes needed. president obama reacted with disdain over the vote. >> this was a pretty shameful day for washington. but this effo
and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in...
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Apr 18, 2013
04/13
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that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was all in with microsoft. see if that works. coming up after the break, a story that's going to tick you off, that adds insult to injury in boston. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, c
that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was...
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Apr 19, 2013
04/13
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. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney, thank you. watertown, massachusetts, is where the manhunt took place today. we're joined now by mike driscoll. mike, thank you for calling in. what can you tell us about the region right now? >> well, again, as everything, we're still in a shelter in place. they did that earlier this morning, on or about, a little before 5:00, the decision was made to, number one priority is the safety of our residents and the residents of the commonwealth. >> at this point, we know that the area is in lockdown mode. the faa, saying there is a no fly zone over watertown. we know that amtrak has been suspended indefinitely. so, do we know
. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney,...
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Apr 22, 2013
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that got so high on apple? >> i guess the real risk of self-incrimination i'm going to go ahead and say wall street expectations. i mean, the company has done a fantastic job over the last decade with their product portfolio. and they've really come to dominate a couple markets. tablets, obviously, and smartphones as well. i think the biggest problem is that they've taken all the profits that are available there. and there just isn't room to grow once the market is saturated. >> bill, what do you nithink is going on? from the outside it would appear one of the knocks on apple right now is t innovation is more incremental than transformational. steve jobs is gone. should expectations be coming down anyway for this company? >> i think you're right, bill, the company has been a victim of its own success. they beat wall street expectations for over 30 quarters. i think lulled us all into believing that would extend forever. think about the stock at $700 in the fall. people were starting to bake in apple tv estimate
that got so high on apple? >> i guess the real risk of self-incrimination i'm going to go ahead and say wall street expectations. i mean, the company has done a fantastic job over the last decade with their product portfolio. and they've really come to dominate a couple markets. tablets, obviously, and smartphones as well. i think the biggest problem is that they've taken all the profits that are available there. and there just isn't room to grow once the market is saturated. >>...
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Apr 23, 2013
04/13
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apple and netflix. jon fortt, what are the three things to look for -- maybe there's 20, but give us three to look for when they report after the bell today. >> limiting me to three things. iphone unit sales, gheitance and margins. on iphone a lot of annuals are twegting between 34 and 38 million. one speed bump for the iphone potential is apple had a significant p.r. headache, when central tv blasted the company's iphone repair policies, a nonstop drumbeat of negative headlines are significant considering china was 12.5% of retch last quarter. an important side story to this report also is guidance. apple switched the way they do guidance, sake they'll give a range within which to fall in. will they come in close to the revenue as analysts expect, a little higher, that will influence how the street views june guidance. iphone mix. the more i phones apple sells, and the faster it can lower costs, the higher margins will climb. my best guest is apple will deliver up side somewhere on margins rather than
apple and netflix. jon fortt, what are the three things to look for -- maybe there's 20, but give us three to look for when they report after the bell today. >> limiting me to three things. iphone unit sales, gheitance and margins. on iphone a lot of annuals are twegting between 34 and 38 million. one speed bump for the iphone potential is apple had a significant p.r. headache, when central tv blasted the company's iphone repair policies, a nonstop drumbeat of negative headlines are...
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Apr 22, 2013
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now with jobs gone, apple watchers wonder if others will think twice before going to work for apple with steve jobs no longer there. given its very large percentage of the
now with jobs gone, apple watchers wonder if others will think twice before going to work for apple with steve jobs no longer there. given its very large percentage of the
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Apr 17, 2013
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i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut numbers. chainsaws to cut numbers. they've used ginsu knives to cut numbers. scalpels, k bars, bowies, meat axes, guillotines, even chippers, shredders to cut numbers! and they're still not low enough. they're still not deep enough to keep anyone from still going even lower as you forecast. you would think apple's going to report a loss, for heaven's sake. especially after watching the sickening slide of apple supplier cirrus logic today. after it's said there's been a lack of demand from a key tuft. who could that be? a name. the other night i joked th
i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut...
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Apr 22, 2013
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everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies a little bit. >> jon najarian, how do you see things? you can talk about tech. the number of companies reporting, significant, for certain, texas instruments, amazon, qualcomm, netflix. >> yeah, i want to go back for one second. last week at this time, we were looking at the oil complex just being slaugtered. that is the opposite today. flip it around 180 degrees. all we needed was stabilization in crude oil which we seemingly got as we traded down to whatever the bottom was in the range for crude oil. as we did that, take a look at
everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies...
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Apr 23, 2013
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we need to see -- you know -- apple's become those people in the apple ad, those weird apple ad at the super bowl and samsung's come along with this hammer and broke -- they're all apple executives and you need to see apple come up and say, you what? we have it. we have the holy grail which is a combination of this thing that you need and that thing you need. we'll focus the numbers and we'll focus on texas instruments. is it a numbers story? is apple just another stock and if it's another stock then maybe you should get a nine multiple and go higher, but i would like to see, look, if mcdonald's can come out with killer products, apple -- are they both technology companies? is that where we are right now? >> apple has come out with incredible products. amazing products that have changed the world. >> that was the old days and the yankees used to be -- >> the ipad is only three years old, man. come on, give them a break. >> no. the market won't give them a break. i like the product, but who am i? >> that's complicated. >> it was not a rhetorical -- you know, we're not trying to figure o
we need to see -- you know -- apple's become those people in the apple ad, those weird apple ad at the super bowl and samsung's come along with this hammer and broke -- they're all apple executives and you need to see apple come up and say, you what? we have it. we have the holy grail which is a combination of this thing that you need and that thing you need. we'll focus the numbers and we'll focus on texas instruments. is it a numbers story? is apple just another stock and if it's another...
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Apr 18, 2013
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
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Apr 23, 2013
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it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey. becky talked about some stocks. we're hitting on dupont. let's check on the broader markets. oil down about 0.9%. 88.39. brent crude down a little more, down 1%. rbob gasoline, because, really, you don't care about gasolioil. you care about gasoline, right? >> it's come down significantly. >> yeah, it has, which is good because that may counteract the effects of the payroll tax high. what about gold? let's check the commodities like gold, the ten-year. down about 7%. 7 bucks to $1414. there's been a bit of a move in sort of the euro. we want to keep an eye on that. there's your currency chart here in th
it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey....
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Apr 23, 2013
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that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i want you to talk about that. i want you to tell our viewers why you think we're really headed for a problem. >> well, the reason that i -- my work starts with the technical. so we have seen a strong rally out of november. nearly 20% move up. but it's bearish. the buyers are becoming less certain up here. and this really mimics what we have seen in the first and second quarter of 2012 and 2011, quite frankly, where we have this competing battle between not so great fundamentals and then the fed liquidity. that doesn't tend to breed trust. in fact, i would say it probably swings things the other way. so even though buy
that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i...
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Apr 18, 2013
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now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking for. if they don't do that, the stock could go quite a bit lower and there is some talk that maybe they don't do the dividend when they report the quarter. >> we'll see. or repurchase. when you say "quite a bit lower," dan, what's low enough? here you compare it to rimm and nokia is a little shocking. but ere's low enough given the prospects you're outlining? >> well, but here's the thing. right? why are you guessing as to what's low enough? until the fundamentals stop getting worse -- don't forget, this compan
now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking...
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Apr 22, 2013
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apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming iphone s could -- weakness for the stock. according to research firm burini associates, options on friday suggest it could move 7.5%, and that could take cares as high as $419 and or as low as $360. it's a big one to watch. it's included a lot of funds just because of its size. so a really important one for the market. chances are you are probably impacted. >> courtney, good to see you. i should mentions, too, the number of people who i speak with them informally talk about whether they're playing out apple. lots of people speculating in t
apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming...
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Apr 18, 2013
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a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topline growth. it so will be interesting to see what those numbers are as we get them.
a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist."...
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Apr 16, 2013
04/13
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last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> let's hop over to the cme. rick santelli is talking gold. >> you know, a couple of months ago we were talking about the notion of gold become securitized. it was much more of a
last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [...
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Apr 19, 2013
04/13
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so, this is all, you know, part of trying to figure out whether they're apples and oranges or whether these are all consistent. given the amount of, you know, sort of what we're hearing from eyewitnesss about guns and explosives and other activity and what neighbors around that area are saying, one has to believe that the police need to figure out who these people are. this is not typical for boston. you put the terrorist incident aside on monday night, this is not typical for this city. it's not typical for any city. the kind of activity that these two men are purported to have done just tonight. >> and, juliette, as we wait for more information about the two individuals that have been apprehended in watertown, massachusetts, this evening, we were told, of course, earlier by the massachusetts state police that there were explosives on the scene regarding these individuals and they'ir pursuit. we know one of the individuals -- at the very least, one of the individuals was asked to take off his clothes as he was apprehended. presumably that was a precaution to make sure he had nothing
so, this is all, you know, part of trying to figure out whether they're apples and oranges or whether these are all consistent. given the amount of, you know, sort of what we're hearing from eyewitnesss about guns and explosives and other activity and what neighbors around that area are saying, one has to believe that the police need to figure out who these people are. this is not typical for boston. you put the terrorist incident aside on monday night, this is not typical for this city. it's...
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Apr 22, 2013
04/13
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apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have been stung. apple clearly a big business story of the day and the week. john. >> no question a lot of people watching that very closely. thanks. meanwhile, ahead on "starting point," the surviving suspect hidden in this plain sight after the marathon bombings going about college life as if nothing ever happened. we will hear from students who spoke to him on campus. you're watching a special edition of "starting point" live from boston. people join angie's list for all kinds of reasons. i go to angie's list to gauge whether or not th
apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have...
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Apr 22, 2013
04/13
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apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a little less than a billion dollars a day. the ninth gdp in the country. friday everything just stopped. businesses closed. public transit shut down. 16 of the area's 35 colleges closed campuses. most of the taxis were off the roads. shopping centers were shut. while many people worked from home or had the day off, some workers were very busy. thousands of law enforcement officials, hospital workers, hotel workers. there was overtime. where you saw some companies shut down, other area there's was economic activity. dunkin' donuts locations, some of them stayed open at the request of first responders w
apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a...
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Apr 24, 2013
04/13
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apple had 18% drop in earnings the first drop for apple in a decade. >>> and now i want to return to our continuing coverage of the boston bombings. tonight we are learning more about the life of the tsarnaev brothers and what they were living like before their lallegd attack. there seems to be fancy cars and a will havish lifestyle. take a look at the photographs. it shows tamerlan tsarnaev looking what appears to be rather lavish lifestyle. talented boxer. pretty fancy clothes. but it may not have been the case. from what we can report, it appears tsarnaev was strapped for cash. relying on welfare up until last year. david mattingly is "outfront" and what have you learned about the finances of this family? [ no audio ] >> -- immigrant family that didn't have a lot. the father was a mechanic and the mother offered facials out of their small apartment. they did receive assistance from the state. this could have included temporary aid and food stamps. the tsarnaev brothers would have benefited from this when they were younger, getting government assistance through their parents. when
apple had 18% drop in earnings the first drop for apple in a decade. >>> and now i want to return to our continuing coverage of the boston bombings. tonight we are learning more about the life of the tsarnaev brothers and what they were living like before their lallegd attack. there seems to be fancy cars and a will havish lifestyle. take a look at the photographs. it shows tamerlan tsarnaev looking what appears to be rather lavish lifestyle. talented boxer. pretty fancy clothes. but...
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Apr 23, 2013
04/13
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>> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing du
>> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon...
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Apr 19, 2013
04/13
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even the big apple circus, gives you the sense of the state boston is in. there is a preponderance of caution as you can imagine. wasn't to che i want to check in with don lemon -- i should say postponed, not canceled -- who is in watertown right now. tell us what you've been witnessing over the last couple of minutes. >> anderson, i've never seen anything like this domestically. i've been witnessing thousands upon thousands of police officers, hundreds upon hundreds of police officers here going door to door, searching every single home. and i've been seeing as you'll see now, fire trucks, rescue units, tactical vans, armored vehicles, massive police presence, go in and out of this area. i've seen the perimeter move from neighborhood to neighborhood. and it has gotten closer to us every single moment here. and there you go, you see the watertown fire department rushing off to some place. and behind them, an unmarked police vehicle. and that's been the scene here really throughout this morning and throughout the entire evening here. we got to witness severa
even the big apple circus, gives you the sense of the state boston is in. there is a preponderance of caution as you can imagine. wasn't to che i want to check in with don lemon -- i should say postponed, not canceled -- who is in watertown right now. tell us what you've been witnessing over the last couple of minutes. >> anderson, i've never seen anything like this domestically. i've been witnessing thousands upon thousands of police officers, hundreds upon hundreds of police officers...
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Apr 24, 2013
04/13
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shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a little bit, but it's still selling a lot of devices, 37.4 million iphones during three months. that averages out to 288 iphones every single minute for three months straight. apple sold 20 million ipads. but people aren't buying as many of the latest, most expensive models. they're choosing the cheaper versions like the iphone 4s, the ipad mini, and that's one reason why the stock is down because they make more money on the higher end, newer products. absolutely. >> most people who do buy apple, they have to have the latest and greatest. i guess the frietrend is kind o
shareholders asking if apple's magic is fading. apple's response? it's going to reach in and give money back to shareholders. apple will give you a 2.7% return for holding apple shares. it's not as big as other stocks. it's called a dividend yield. intel 3.9%. at&t, 4.6%. altria, 5% of the dividend yield. it's way more than you get in a savings account. apple shareholders need good news. the stock down 30% the past year. apple shares up slightly in the premarket. its profits slipped a...
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Apr 23, 2013
04/13
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dow futures up 50 points ahead of earning points of apple and at&t. all right. do love your job, hate your job? the ab you'u annual list of bes worst jobs is out. and newspaper reporter is the worst of the worst. a poor industry outlook hurting the ranking. lumberjack second worst, followed by enlisted military personnel. actor and oil rig worker. the best job in america is an actuary. about $87,000 a year. biomedical and software engineers are next. audiologist and financial planner round out the top five. they look at everything from physical exertion on the job to happiness to pay to satisfaction overall. john. >> all right. thanks so much, christine romans. ahead on "starting point," the surviving boston bombing suspect appears to be cooperating with authorities. how does that affect the prosecution's case? we'll look at the legal road ahead with cnn's senior analyst jeffrey toobin. >>> plus, neil diamond's "sweet caroline," become an an them th. but the songwriter is working on something new. we will have details they are so good, so good, so good. details
dow futures up 50 points ahead of earning points of apple and at&t. all right. do love your job, hate your job? the ab you'u annual list of bes worst jobs is out. and newspaper reporter is the worst of the worst. a poor industry outlook hurting the ranking. lumberjack second worst, followed by enlisted military personnel. actor and oil rig worker. the best job in america is an actuary. about $87,000 a year. biomedical and software engineers are next. audiologist and financial planner round...
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Apr 24, 2013
04/13
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apple also raising its dividends so apple shareholders will get a little bit of a payback if they hold the stock. john, back to you in boston. >> all right, thanks so much, christine. next, we just have an incredible story to tell you about. the hero who found the surviving boston bombing suspect. he will tell you how it all went down. and reports that dzhokhar tsarnaev is doing better this morning and there are demands that he be moved. dr. sanjay gupta joins us. as does former u.s. attorney general alberto gonzales. he has crucial insight into this. you're watching a special edition of "starting point" live from boston. hwelcome back.. nice to see you again! hey! i almost didn't recognize you without the suit. well, this is my weekend suit. weekend getaways just got better. well, enjoy your round! alright, thanks! save a ton on our best available rate when you book early and feel the hamptonality. and be good for your face? [ female announcer ] now there's new neutrogena® naturals acne cleanser. acne medicine from the wintergreen leaf treats breakouts. no parabens or harsh sulfates.
apple also raising its dividends so apple shareholders will get a little bit of a payback if they hold the stock. john, back to you in boston. >> all right, thanks so much, christine. next, we just have an incredible story to tell you about. the hero who found the surviving boston bombing suspect. he will tell you how it all went down. and reports that dzhokhar tsarnaev is doing better this morning and there are demands that he be moved. dr. sanjay gupta joins us. as does former u.s....
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Apr 19, 2013
04/13
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the boston bruins and the big apple circus also have postponed tonight's events. good reasoning for that. let's get the latest now, brian todd joining us. you've taken a close look moment by moment as we await the start of the news conference with the latest from law enforcement authorities. give us a picture of what has happened here for our viewers in the united states and around the world. >> it's an incredible picture, wolf. for the past 16 plus hours this has been one of the most intense man hunts in american history but it was at the point a little more than 24 hours ago when law enforcement gave us the first clear visual images of these suspects that really seem to set it all in motion. the release of the images on thursday afternoon let the suspects know the feds were on to them. even if the authorities didn't know their names yet or where to find them. >> we consider them to be armed and extremely dangerous. >> reporter: around 10:00 p.m. that night it all began to unravel. the suspects allegedly robbed a convenience store outside of boston in cambridge n
the boston bruins and the big apple circus also have postponed tonight's events. good reasoning for that. let's get the latest now, brian todd joining us. you've taken a close look moment by moment as we await the start of the news conference with the latest from law enforcement authorities. give us a picture of what has happened here for our viewers in the united states and around the world. >> it's an incredible picture, wolf. for the past 16 plus hours this has been one of the most...
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Apr 22, 2013
04/13
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say, apple producers. the wage rate in vermont now is aollaper bushel for hand- picked ciders and four new york, 60 two cents. there is no consistency. those are done by the prevailing wage survey. there is nothing overseen on that. no regionalization of wage great -- wage rates, housing, transportation. it is very expensive. yet it does provide legal workers. it is difficult to get them here. and with united states department of ag facilitating the process, it will be transparent, i believe. they understand ag, the need behind it, and keep in mind, i would like to let mr. sessions know, senator sessions no, we do have employers who open up and they have to through the h2a program higher and he willing, able, qualified individual. anybody is mollified because in state of vermont we can't require experience. the department of labor says we can't require experience. we have orchards -- i invite you to come visit them in august -- they have everyone who applies start picking apple and they pick on trellis tre
say, apple producers. the wage rate in vermont now is aollaper bushel for hand- picked ciders and four new york, 60 two cents. there is no consistency. those are done by the prevailing wage survey. there is nothing overseen on that. no regionalization of wage great -- wage rates, housing, transportation. it is very expensive. yet it does provide legal workers. it is difficult to get them here. and with united states department of ag facilitating the process, it will be transparent, i believe....
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Apr 19, 2013
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. >> i think you're mixing apples with oranges. are talking about on 90% is a number that the gao uses as an effectiveness ratio. it is a chelation of apprehension -- calculation of apprehension of the thames. technology is the part that will help us more confident in the -- in apprehensive. obviously everyone's when hundred percent of everything. wants 100% of everything. it will not happen. someone who has lived at the border the whole time, you can make it safe and sas can w h the forces you have. ththe at is al that we strive for. the 3500 additiol personnel for the ports of entry -- are for the ports of entries themselves. the ports have become so clogged and the lines get so long. that becomes an incentive to go around and try to sneak in through some other way. the 3500 and designed to meet what we need to accurately staff the ports. isthe 90% that the gao describing is the u.s. and border whether it is north, south, over water, or land, just the land period. >> those are the numbers from a recent report. >> i want to be sur
. >> i think you're mixing apples with oranges. are talking about on 90% is a number that the gao uses as an effectiveness ratio. it is a chelation of apprehension -- calculation of apprehension of the thames. technology is the part that will help us more confident in the -- in apprehensive. obviously everyone's when hundred percent of everything. wants 100% of everything. it will not happen. someone who has lived at the border the whole time, you can make it safe and sas can w h the...
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Apr 21, 2013
04/13
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you look at 84 attacks coming out of those groups compared to four from al qaeda, how do you they are apples and oranges except for the fact that they fit our inclusion criteria. a lot of terrorism and the united states is born and raised here. host: based on your background in this, are there any parallels to what happened in the oklahoma city bombing, to what we potentially could see with the 19-year-old dzhokhar tsarnaev, who is about to be charged probably later this week? guest: it certainly well within the cards. if he is convicted, what will be the fifth largest act of terrorism in the united states, then went on to be involved in the murder of another law enforcement official, and then went on to throw improvised explosive devices out of two cars, one of which was a carjacked vehicle. this is an extraordinary example of violence. depending on evidence, which i certainly have no inside knowledge of, this has the potential to go to trial. host: one day after the bombings took place, the other was killed in that shooting in watertown, massachusetts, the center public and later mitch mcc
you look at 84 attacks coming out of those groups compared to four from al qaeda, how do you they are apples and oranges except for the fact that they fit our inclusion criteria. a lot of terrorism and the united states is born and raised here. host: based on your background in this, are there any parallels to what happened in the oklahoma city bombing, to what we potentially could see with the 19-year-old dzhokhar tsarnaev, who is about to be charged probably later this week? guest: it...
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Apr 22, 2013
04/13
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if the syrian rebels to apple the government in damascus, they will work in concert with iraq's minority population to further destabilize his government. theour final mth is that isericans already -- myth the americans have already left. >> we have hundreds of personnel there. there is an american presence in iraq. >> your personal reaction to general petraeus's situation when he had to leave the cia and hadley mcchrystal when he to leave his post. what was your personal reaction? >> i was surprised by both. , a man who preaches great virtue. talk a lot about the importance of character. it was not something i expected. i am not the only one among the people who knew him to have been deeply surprised and saddened by that. i spent a lot of time with them. to say that did i was surprised his public affairs officer would not such particular ground rules with the reporter and i was give aed that he did not good spanking. instead, the president accepted his offer of resignation. >> when he wrote his book, he never named michael hastings. was that a smart thing to do? she never really explain
if the syrian rebels to apple the government in damascus, they will work in concert with iraq's minority population to further destabilize his government. theour final mth is that isericans already -- myth the americans have already left. >> we have hundreds of personnel there. there is an american presence in iraq. >> your personal reaction to general petraeus's situation when he had to leave the cia and hadley mcchrystal when he to leave his post. what was your personal reaction?...
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Apr 23, 2013
04/13
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>> it is not based on a fiscal year -- you take apples, they come in, it is august, and they stay to pick, prune and packed -- they have to be gone by the end of may. >> in this bill, in your opinion, it addresses the problem? >> it fixes the problem because i think actually, mr. connor can speak to a better, the different types of -- >> mr. connor? >> it fixes the problem fundamentally by creating two different groups of the guestworker program. one would be the seasonal at will, which would be, i suppose, the most similar to the current h-2a program, but the other is a contract program where, again, you would have the ability to bring in year-round workers on a contract, as you noted, to perform those milking functions, feeding functions on the farm, those kind of things, as noted earlier, the cows don't stop producing milk. they produce 24/seven, every day of the year. >> that is the nice thing about cows, they are considerate in that regard. do you see this as a long-term fix, or something you have to tinker with every few years? >> no question, senator, we picture this as a long
>> it is not based on a fiscal year -- you take apples, they come in, it is august, and they stay to pick, prune and packed -- they have to be gone by the end of may. >> in this bill, in your opinion, it addresses the problem? >> it fixes the problem because i think actually, mr. connor can speak to a better, the different types of -- >> mr. connor? >> it fixes the problem fundamentally by creating two different groups of the guestworker program. one would be the...
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Apr 16, 2013
04/13
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he was the apple of their eye, quite an interesting little character, according to her letters. and they were devastated by his death and jane was in mourning quite a long time over frankie's death. >> i think a big house especially with only one child now was too much for jane to take care of. i don't think she was interested in housekeeping particularly. i think she just wasn't capable of taking care of a house. pierce went off to fight in the mexican war in 1847 and they sold the house when he came back in 1848 and then they lived in a boarding house again in concord and lived in a boarding situation for the rest of their lives. >> we return to washington and the story of the white house because a fairly amazing thing, at least to my ears, seemed to happen which is two years into this darkness and mourning and reclusive life on the second floor of the white house, she comes out of it. how did that happen and what was this new jane pierce like? >> it happened because that was the end of the mourning period. normally, as i said earlier, it would have been just 12 months mournin
he was the apple of their eye, quite an interesting little character, according to her letters. and they were devastated by his death and jane was in mourning quite a long time over frankie's death. >> i think a big house especially with only one child now was too much for jane to take care of. i don't think she was interested in housekeeping particularly. i think she just wasn't capable of taking care of a house. pierce went off to fight in the mexican war in 1847 and they sold the house...
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Apr 19, 2013
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highest25% of our scoring companies between 1990 an2005, inclu intel, , they apple, the day appoint thousands of people here in the united states. they are greek a. they are ben by immigrants. that is something which should be thinking about. >> i would hope so. the evidence is quite clear on the capacity of immigration. i havehe time remaining, you released this analysis to quell the immigration reform. it can boost the american economy by as much as 1% every year. or reduce the deficit by as much as support for a trillion dollars. -- as much as 1.5 trillion dollars. do you want to elaborate on that? >> i could say a couple of things. >> economic growth comes from growth in people and their growth and activity. immigration controls both sides of the labor force anson's immigrants tend to work more you get labor force growth. as you mentioned the of to give small businesses and doctors that raise productivity of those workers. and their benefits to the overall economic growth, thus raising productivity for the -- productivity. that -- i did not taylor that estimate to 2013, 2014, 2015. this b
highest25% of our scoring companies between 1990 an2005, inclu intel, , they apple, the day appoint thousands of people here in the united states. they are greek a. they are ben by immigrants. that is something which should be thinking about. >> i would hope so. the evidence is quite clear on the capacity of immigration. i havehe time remaining, you released this analysis to quell the immigration reform. it can boost the american economy by as much as 1% every year. or reduce the deficit...
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Apr 16, 2013
04/13
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he was the apple of their eye, quite an interesting little character, according to her letters. and they were devastated by his death and jane was in mourning quite a long time over frankie's death. >> i think a big house especially with only one child now was too much for jane to take care of. i don't think she was interested in housekeeping particularly. i think she just wasn't capable of taking care of a house. pierce went off to fight in the mexican war in 1847 and they sold the house when he came back in 1848 and then they lived in a boarding house again in concord and lived in a boarding situation for the rest of their lives. >> we return to washington and the story of the white house because a fairly amazing thing, at least to my ears, seemed to happen which is two years into this darkness and mourning and reclusive life on the second floor of the white house, she comes out of it. how did that happen and what was this new jane pierce like? >> it happened because that was the end of the mourning period. normally, as i said earlier, it would have been just 12 months mournin
he was the apple of their eye, quite an interesting little character, according to her letters. and they were devastated by his death and jane was in mourning quite a long time over frankie's death. >> i think a big house especially with only one child now was too much for jane to take care of. i don't think she was interested in housekeeping particularly. i think she just wasn't capable of taking care of a house. pierce went off to fight in the mexican war in 1847 and they sold the house...
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Apr 22, 2013
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do you want the apple or the orange? you do not know whether the department of labor tells you if you are to prefer apples or oranges. >> you suppose we should work on that aspect of it. could you explain what provision in the article it references in out?opinion on the car >> if a firm sponsors a h1b worker for a green card, they put in the paperwork that will reduce deeper h1b dependent -- their h1b numbers. they will n have to do good faith recruiting more pay the higher wage levels. i think it is a mistake and it will affect not just facebook, and we should not make policy around one firm, but other firms to exploit the program. said to have been on an h1b these uin year experience is relevant. why you say that these holders at these service companies are not really specialize? thate majority of the work the indian offshore industry does it is back office i.t. work for large enterprises here in the u.s. it does not require the necessary skill to do the traditional product development work that microsoft may require t
do you want the apple or the orange? you do not know whether the department of labor tells you if you are to prefer apples or oranges. >> you suppose we should work on that aspect of it. could you explain what provision in the article it references in out?opinion on the car >> if a firm sponsors a h1b worker for a green card, they put in the paperwork that will reduce deeper h1b dependent -- their h1b numbers. they will n have to do good faith recruiting more pay the higher wage...
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Apr 24, 2013
04/13
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continuing with technology, the front page of the wall street journal, apple and snaps its growth streak. the company posted its first profit drop in a decade and signaled that new products may not arrive as quickly as investors had hoped. the company sold 10 million more i phones and ipads in the latest quarter than it did a year ago. that underscores the resilience of its franchise amid competition from samsung . a full-page ad from samsung in the usa today newspaper. also in the washington post yesterday. if they continue on inside "usa 8 full page ads by samsung. dan in tulsa, oklahoma? go ahead. isler: on this sales tax, it a pretty good idea. what would they use the money for? would it be for good cause? host: the states would be collecting the sales tax. senator durbin said it could be used for education and other areas to pay off debts, etc. caller: we spend more than anybody else on education, don't we? host: so and you don't like the idea? if somebody invents a way to make a profit and develop a better way to make a profit, then why should you penalize them? host: all right. fr
continuing with technology, the front page of the wall street journal, apple and snaps its growth streak. the company posted its first profit drop in a decade and signaled that new products may not arrive as quickly as investors had hoped. the company sold 10 million more i phones and ipads in the latest quarter than it did a year ago. that underscores the resilience of its franchise amid competition from samsung . a full-page ad from samsung in the usa today newspaper. also in the washington...
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Apr 17, 2013
04/13
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something, this has the protection of allowing those who disagree with it, there will be another beist this apple, and there will be things we learned in that five-year period. but this is critical for america. if this were a physical attack on the country, there would be no question that the federal government through its military would stand in the breach and protect the country. there are no less dangerous attacks conducted against infrastructure, banks, airlines, other things every single day we are table help protect the private sector from and this bill goes a long way toward doing that i urge my colleagues to support the rule and the underlying bill and i yield back. thank you for the time. the speaker pro tempore: the gentleman from florida. mr. hastings: thank you, mr. speaker. i'm privileged to yield five minutes to the distinguished gentleman from colorado, my colleague on the rules ommittee, mr. polis. the speaker pro tempore: the secret is recognized. mr. polis: where to -- the gentleman is recognized. mr. polis: where to begin. this is a critical issue for the country, getting the b
something, this has the protection of allowing those who disagree with it, there will be another beist this apple, and there will be things we learned in that five-year period. but this is critical for america. if this were a physical attack on the country, there would be no question that the federal government through its military would stand in the breach and protect the country. there are no less dangerous attacks conducted against infrastructure, banks, airlines, other things every single...
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Apr 23, 2013
04/13
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i remember very well the question with the apple pickers. thank you for complimenting they do -- they're the ones doing the work. i know, a lot of meetings and phone calls with you and others and number of -- they did leg work and i worry about the crops too. it's a significant part of our basis. the h2, a program is open to everyone prayer and seasonal employers. we take care of apple pickers but then we have dairy farmers and senator franken and i noted that you can't tell the cows belle back in six months to milk you again. they don't react well to that. and so how would the proposed agricultural work visa legislation help seasonal and year-around workers? >> sir, i think it would definitely help in many ways. allowing for the workers not only be here around year, milk the cows. i think when you face both visa whether they come for one employer or the ability to move between employers. all of that seems veried a venn teenage use and take care of dairy farmers. when i look how the h2a works today and i see that poultry, some of the farms a
i remember very well the question with the apple pickers. thank you for complimenting they do -- they're the ones doing the work. i know, a lot of meetings and phone calls with you and others and number of -- they did leg work and i worry about the crops too. it's a significant part of our basis. the h2, a program is open to everyone prayer and seasonal employers. we take care of apple pickers but then we have dairy farmers and senator franken and i noted that you can't tell the cows belle back...
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Apr 23, 2013
04/13
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denied because it doesn't have sufficient evidence, the undocumented worker gets another bite at the apple 378 going my first question, this is a way i read the bill. i want do you pell me whether or not i'm right or wrotening. it provides legal stay stay us ag work the secretary only has to submit a plan not implement it. the border doesn't have to be secured before millions get citizenship pop . would that been an accurate interpretation of the legislation before us? >> i would just say, senator grassley, that my understanding of the legislation is that the agricultural workers will be given opportunity to get legal status in this country immediately; however, at the end of five years if they meet the requirement and working in the agricultural industry they'll be able to gain permanent resident sei not citizenship. >> okay. >> and the reason behind that. the thinking tbhiend the discussions that . >> you don't have to justify that. >> okay. it was in roip to whether or not the sphtsship for this group of people could be possible without the border being secured. because of the time peri
denied because it doesn't have sufficient evidence, the undocumented worker gets another bite at the apple 378 going my first question, this is a way i read the bill. i want do you pell me whether or not i'm right or wrotening. it provides legal stay stay us ag work the secretary only has to submit a plan not implement it. the border doesn't have to be secured before millions get citizenship pop . would that been an accurate interpretation of the legislation before us? >> i would just...
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Apr 23, 2013
04/13
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just very quickly because i know that apple has run. on north korea and the peninsula, i will just repeat again, president park has a new policy called trust politic, and she wants to reach out to the north. she can't do that in the middle of this kind of process. my hope would be that the chinese will come to the table in a way that they never have before. that we can work with the chinese to redefine what's in all of our interests, which is a kind of stability in the peninsula moving north to denuclearization, and ultimately hopefully and integration into the community of nations. based on economic reform, which china, the united states, others could become engaged in. and that could ultimately even open up the possibility of president parks outreach to be able to have an impact. absent china coming to that table, i believe kim jong-un calculates literally calculates that i can get away with anything if china isn't going to hold me accountable. and so that's where we are stuck mr. adam kinzinger. >> thank you, mr. chairman. thank you
just very quickly because i know that apple has run. on north korea and the peninsula, i will just repeat again, president park has a new policy called trust politic, and she wants to reach out to the north. she can't do that in the middle of this kind of process. my hope would be that the chinese will come to the table in a way that they never have before. that we can work with the chinese to redefine what's in all of our interests, which is a kind of stability in the peninsula moving north to...
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Apr 24, 2013
04/13
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are turned down initially because of some inadequate documents, they're allowed second bite at the apple. so in this, you know, i don't mean to be flip about it, but this section could have been sub headed knowingly left mind. the goal seems to be to get as many -- get amnesty for as many people as physically possibly. >> okay, mr. kobach, i'm going quote a section of the bill and tell us with a you think it means. page 330 in the bill, quote, secretary exercised discretion to wave a ground of inadmirable if the second secondary determines it's against the public interest or result in hardship to aliens, united states citizens or permanent resident, parent, spouse, or child, end quote. >> thank you, senator grassley. that provision on page 330 of the bill, i think is a huge loophole. i don't think the dhs secretary should have the immense discretion. it's a massive increase we see over discretion. it expands current laws which allows waivers in cases of extreme hardship. the change of language can have huge consequences. we're just down to hardship. it expands the hardship to the alien's
are turned down initially because of some inadequate documents, they're allowed second bite at the apple. so in this, you know, i don't mean to be flip about it, but this section could have been sub headed knowingly left mind. the goal seems to be to get as many -- get amnesty for as many people as physically possibly. >> okay, mr. kobach, i'm going quote a section of the bill and tell us with a you think it means. page 330 in the bill, quote, secretary exercised discretion to wave a...
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Apr 24, 2013
04/13
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as the price of apples go up, you buy more banana, so the overall affect on your budget is moderated. let's take a look at how seniors fare under the existing cola structure. in 2010 -- this year -- and in 2011 -- this year -- seniors received no cost-of-living adjustment whatsoever. 0.0% in 2010. 0.0% in 2011. but according to the existing consumer price formula used by government accountants, prices hadn't risen enough to justify colas. well, that's what the cola formula says, but in real life, what did it look like? according to the bureau of labor statistics, seniors saw food prices rise 1.5% in 2010. they saw medical costs increase 3.3%. they saw their gas and home heating oil go up by more than 13% each. 1.5%, 3.3%, over 13% for gas and fuel. and the cola covered zero percent. the next year -- 2011 -- these costs increased again. food prices jumped 4.5%. medical care jumped 3.5%. gasoline jumped 9.9%. and fuel oil jumped 14.3%. and again, the cola for seniors was zero. 2010 and 2011 add together. they're not included in one another. so food and beverage is a total of 6% plus all
as the price of apples go up, you buy more banana, so the overall affect on your budget is moderated. let's take a look at how seniors fare under the existing cola structure. in 2010 -- this year -- and in 2011 -- this year -- seniors received no cost-of-living adjustment whatsoever. 0.0% in 2010. 0.0% in 2011. but according to the existing consumer price formula used by government accountants, prices hadn't risen enough to justify colas. well, that's what the cola formula says, but in real...
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Apr 21, 2013
04/13
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he did make an effort to make it more nutritionally balanced by adding fresh carrots and apple slices and immediately realized they would not last more than a week. much less the months that the lunchables needs to stay either in the warehouses or the supermarket waiting for someone to buy it. and after, i mean, it became a huge hit. the first year it exceeded, i think it hit $218 million in sales. it was astounding. nobody had expected it to take off like that. they came up with other lunchables including pizza lunchables, hamburgers, hot dogs, all eaten cold by kids. and when they stopped to think about it, they realized that it wasn't the food that the kids were attracted to, it was the badge value, the status symbol of bringing this cute, adorable lunchables to the lunchroom, opening it up, and all your friends gathering around and seeing you put it together and eat it. so -- and they came up with this incredible marketing slogan hitting on that which is for kids, all day you've got to do what they say, but lunchtime is all yours. the marketing power as much as using salt, sugar,
he did make an effort to make it more nutritionally balanced by adding fresh carrots and apple slices and immediately realized they would not last more than a week. much less the months that the lunchables needs to stay either in the warehouses or the supermarket waiting for someone to buy it. and after, i mean, it became a huge hit. the first year it exceeded, i think it hit $218 million in sales. it was astounding. nobody had expected it to take off like that. they came up with other...